Academy Partners Group Acquires Industrial Properties From Top10 Properties For $43.7M In Phoenix

An affiliate of Academy Partners Group acquired three industrial properties located at 1711-1741 West Rose Garden Lane, 4845 & 4855 West Mc Dowell Road, and 4810-4828 South 40th Street in Phoenix, AZ. The transaction was completed for a total of $43.7 million, translating to approximately $191.05 per square foot for the total of 228,733 square feet of industrial space. The properties included in this portfolio are known as Carleton Square, Top 10 Business Center, and Valley Commerce Center.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $43,700,000
• Buyer: Academy Partners Group
• Seller: Top10 Properties
• Square Footage: 228,733
• Price per Square Foot: $191.05

This transaction featured Academy Partners Group actively participating in the industrial real estate market, with Top10 Properties as the seller. Their involvement represents a strategic acquisition within the Phoenix market, highlighting the ongoing interest in industrial properties in the region.